After the terrorist events of September 11, 2001, the FAA began issuing premium third party liability war risk insurance to U.S. air carriers. The Homeland Security Act of 2002 (HSA), Public Law 112-7 and subsequent legislation mandated the expansion of war risk insurance coverage to include hull loss and passenger liability and required continued provision of this insurance.
Update on FAA Premium War Risk Insurance
The Federal Aviation Administration (FAA) Aviation Insurance Program Office currently provides war risk hull loss, and passenger, and third party liability insurance to regularly scheduled U.S. air carriers for the period January 20, 2014 through September 30, 2014.
Regularly scheduled airlines not previously insured by FAA who want war risk insurance coverage must follow the instructions for new applicants.